Wednesday 22 February 2012

Unisem swings to Q4 net loss

Unisem (M) Bhd posted a fourth-quarter net loss of RM2.66 million, from a profit of RM40.7 million in the same period a year earlier.

Revenue fell to RM273.2 million in the three months ended Dec. 31, from RM335.6 million, according to a stock exchange filing yesterday.

The drop was due to a reduction in sales because of the global economic slowdown, the company said. -- Bloomberg



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